Source: news.google.com
peaq, the Web3 network created to promote the economy of things, has presented its canary network called krest.
According to an announcement shared in a blog post on Tuesday, the testnet will launch on Kusama, Polkadot’s (DOT/USD) Canary chain. Polkadot is developed by Parity Technologies, a Web3 firm founded by Gavin Wood.
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krest offers developers a crucial testing environment
krest will allow developers and users to test decentralized applications (dApps) and other tools within a real Internet of Things (IoT) environment. And with it, the peaq network community will be able to simulate the behavior of devices, machines, robots and vehicles, before they go live on the mainnet.
krest is designed to give builders and developers a platform where they can test and check code for vulnerabilities that may not have been found in previous audits. The network will also allow developers to experiment with cheap and other community initiatives without the risks likely to be found on the mainnet.
Max Thake, co-founder of peaq, said in a statement that krest is ready to offer its users a “‘take a look at the future‘”, and most of the products and features tested on the canary network will eventually be implemented on peaq. According to him, krest offers the best environment to ensure that projects that eventually enter the peaq ecosystem do not cause real-world damage.
Siddharth Singhal, Director of Enterprises at Parity Technologies, commented:
“We are very excited to welcome krest to the Kusama ecosystem, bringing real-world IoT connectivity to web3 and opening the floodgates of innovation for dApp developers on the Canarian network.”
According to Singhal, the krest cast on Kusama provides a “essential springboard for web3 networks” and will help create real-world value and foster innovation across the ecosystem.
krest will be powered by a native digital token with the same name, krest, which will be available on public exchanges. The token will be used in the network to pay transaction fees and as an economic incentive or reward tool.
Read More at news.google.com